China's leader Xi Jinping told the BRICS group on Tuesday (Aug 22) that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for
China's leader Xi Jinping told the BRICS group on Tuesday that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged., made the remarks in a prepared statement read by Chinese Commerce Minister Wang Wentao at a business forum.
The recovery in the world's second-largest economy has lost steam due to a worsening property slump, weak consumer spending and tumbling credit growth, adding to the case for authorities to release more policy stimulus.
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